The Turkish lira plunged to record lows against the dollar following its downgrade by Moody’s and S&P, who cited increased political instability as well as geopolitical stresses and turbulence.
Lower market liquidity would lead to higher interest rates, all else equal. Higher interest rates are also likely to deter corporate debt issuance in capital markets.
The Pending Home Sales Index (or PHSI) is issued by the National Association of Realtors. The PHSI reading for March will be released on Monday, April 28.
In this part, we will discuss why the Fed has made changes to its forward guidance policies, which give investors information of the future path of the Fed funds rate.
The part discusses Yellen’s take on the monetary policy challenges, the role of qualitative and quantitative forward guidance since the Great Recession, and the recovery.
We can understand the investment objectives of fixed income investors in terms of returns, risks, and constraints. There are two categories of investors.
Over the course of his speech, Plosser provided several reasons why simplicity and transparency can enable markets to price risks in a more informed manner.
The weekly initial jobless claims report for the week ended March 29 will be issued on Thursday, April 10, by the U.S. Department of Labor’s Employment and Training Administration.
Dallas Fed President and Chief Executive Officer Richard Fisher spoke at the Asia Society in Hong Kong on Friday, April 4, about “forward guidance” in monetary policy.
Gallup tracks daily discretionary expenditures through 13,000 interviews with American adults, surveying respondents on their discretionary spending expenditure the previous day.
In his speech at the London School of Economics, Dallas Fed president Richard Fisher said he believed the Fed had made “the life of money market operators quite easy.”
The Institute for Supply Management’s (or ISM) Purchasing Managers Index (or PMI) reading for March was released on Tuesday, April 1. The headline PMI number rose 0.5%.
Out of the 18 industries covered by the PMI, 14 registered growth in March—the top three being petroleum and coal products (XLE), transportation equipment, and furniture-related products.
At the recently concluded Federal Open Market Committee (or FOMC) meeting of the U.S. Federal Reserve, the Fed said it would remove the quantitative thresholds from its policy statement.
The Fed’s tapering of monthly asset purchases is expected to end this fall. Markets are closely watching for developments on the Fed front as to when the base rate might rise.
Light vehicle auto sales for March will be released on Tuesday, April 1. The light vehicle annualized selling pace came in at 15.3 million in February.
The Purchasing Managers Manufacturing Index (or PMI) is based on a monthly survey of selected companies that provide an advanced indication of what’s really happening in the private-sector economy.
This week, several key economic data releases from both demand-side and supply-side variables will be issued. The releases will cover manufacturing, retail, automobiles, and employment.
The Conference Board’s Consumer Confidence Index release for March was released on March 25. The headline index, measuring consumer sentiment, rose to 82.3.
